New Zealand's Graeme Hart moves to 178th from 185th position on Forbes World's Billionaires list; packaging magnate's net worth up an estimated US$200M year over year to US$5.7B

LOS ANGELES , March 8, 2012 () – Packaging magnate and New Zealand's richest person Graeme Hart has moved to 178th from 185th on Forbes World's Billionaires list, as his net worth rose an estimated US$200 million year over year to US$5.7 billion.

According to Forbes, Hart’s Rank Group Ltd. owns Pactiv Corp., Carter Holt Harvey Ltd., SIG Combibloc Group, Reynolds Consumer Products and Closure Systems International Inc. Graham Packaging Co. LP was Rank Group’s latest acquisition for an estimated $1.7 billion.

The primary source of this article is Forbes, New York, New York, March 2, 2012.

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